Shropshire telecoms firm acquired in six-figure deal

SHROPSHIRE-based telecoms firm Tariff Reduction Services has been acquired by North West telecoms provider Elite Telecom in a six figure deal.

The deal is Chroley-based Elite’s third acquisition in as many months. The firm said the deal would see its turnover increase by £1.4m and add more than 420 new customers to its books.

TSR is a fixed line and mobile phone provider which specialises in cutting operating costs for businesses.

Elite Telecom chief executive, Matt Newing, said: “The acquisition of TSR will allow us to continue our growth plan, build on our existing services and offer an enhanced Elite experience for our customers.”

“We will be working towards our overall growth strategy which is achieved organically and through growth by acquisition.”

The deal follows elite’s acquisition of certain assets of Cardiff-based XL Networks in July and London-based Liquid Business Services in September.   

Elite was represented by law firm DWF.